Intervention Will Only Provide Short-Term Boost

October 2008 | Market Strategy

We remain bearish Qatar's Doha Securities Market (DSM), in spite of today's (October 13) bounce. Having fallen through multi-year support at around 7,400, the market reversed all of yesterday's losses to close the day at 7,624. We may see some further upside in the short term, but overall we continue to highlight the 7,400 support level.

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